Please use this identifier to cite or link to this item:
|Title:||Institutions and efficiency in transition economies|
|Keywords:||Institutions;Efficiency;Transition economies;Stochastic frontier analysis|
|Citation:||Economics and Finance Working Paper, Brunel University, 09-32|
|Abstract:||This paper analyzes the effects of political and economic institutions on efficiency of transition economies over the 1995-2005 period. Perpetual Inventory Method is used to construct capital series for these countries, and then stochastic production frontier analysis is used to estimate the efficiency scores and effects of institutions at the same time. The empirical results show that better institutions are associated with higher efficiency. However, all else equal, the transition countries in East Asia are more efficient than Central and Eastern European or Former Soviet Union transition countries.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.